European Central Bank @ecb@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
Re Expectations of higher inflation, lower economic growth and, in particular, higher mortgage rates have weighed heavily on people’s perceptions of housing as a good investment since mid-2021
3/3
Measures of underlying inflation are historically high, but are showing signs of easing, our #EconomicBulletin finds. Underlying inflation developments are a key input for our monetary policy assessment, especially in today’s highly uncertain environment https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_05~84e89bcb5d.en.html
What’s making inflation hard to tackle? And what will determine how prices and wages develop?
Host @katieranger_ gets to the bottom of this with our Chief Economist Philip R. Lane in the first episode of #TheECBPodcast’s Summer School mini-series https://pod.link/ecbpodcast/episode/257f6b6e371c39482c5d5f25513ec584
Our environmental statement outlines what we do each year to reduce the impact our operations have on the environment.
In 2022 we continued to improve our environmental performance!
Read the full statement https://www.ecb.europa.eu/ecb/climate/green/html/ecb.environmentalstatement202307~59d31f2afe.en.html
Where does the digital euro project currently stand? Why does Europe need a digital euro and who would be able to use it?
We’ve updated the digital euro FAQ, available on our website in all EU 🇪🇺 languages https://www.ecb.europa.eu/paym/digital_euro/faqs/html/ecb.faq_digital_euro.en.html
Coming up at 11:00 CET: Executive Board member Fabio Panetta speaks about inflation, disinflation and the calibration of monetary policy at @UniBocconi.
Follow live https://baffiwebinar.liveforum.space/
<div class="rsshub-quote">
Università Bocconi: Join us today at 11am CET for a webinar with Fabio Panetta, member of the @ecb Executive Board, discussing disinflation
Link👉 https://baffiwebinar.liveforum.space
https://www.viasarfatti25.unibocconi.eu/notizia.php?idArt=25645
</div>
🧵 With rates now firmly in restrictive territory, we need to calibrate our monetary policy in a way that brings inflation back to target in a timely way while avoiding unnecessary harm to the economy.
Speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230803~30bdb2c935.en.html
1/3
Re Panetta: We rapidly increased rates to fight inflation, but the balance of risks is now shifting:
1️⃣ disinflation is happening
2️⃣ price pressures are diminishing
3️⃣ the economic outlook is deteriorating
2/3
Re Panetta: Monetary policy may operate not just by raising rates but also by keeping the prevailing level of policy rates for longer.
A stance that incorporates persistence offers greater scope to flexibly adjust our policy in light of the incoming data.
3/3
How did euro area bank interest rates evolve in June? How do they compare with May’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2308~adf9fccc8e.en.html
Policymakers should focus on preserving bank resilience to strengthen macroprudential stability in times of economic uncertainty. This would ensure sufficient capital buffers if widespread losses arise, writes Vice-President Luis de Guindos in #TheECBblog https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230802~5c22c72b25.en.html
We’ve just taken our latest monetary policy decisions, determining what’s needed to achieve stable prices in the euro area.
Tune in to #TheECBPodcast to hear President Christine @Lagarde present the decisions in our press conference https://soundcloud.com/europeancentralbank/20230727monetarypolicystatement
Re The episode is now also available on podlink https://pod.link/ecbpodcast/episode/7122f6636e399e6534a957fa0229d5cb
Our resolve to bring inflation down is very strong, said President Christine @Lagarde after raising interest rates by 0.25 percentage points today.
Watch the press conference https://youtu.be/-HMXeiixuKM
Wir sind fest entschlossen, die Inflation zu senken, so Präsidentin Christine @Lagarde nach der heutigen Anhebung der Leitzinsen um 0,25 Prozentpunkte.
Pressekonferenz ansehen https://youtu.be/-HMXeiixuKM
Notre détermination à faire baisser l’inflation est sans faille, a déclaré la présidente Christine @Lagarde après la hausse des taux d’intérêt de 0,25 point de pourcentage décidée aujourd’hui.
Regarder la conférence de presse https://youtu.be/-HMXeiixuKM
Nuestra determinación de reducir la inflación es muy fuerte, ha declarado la presidenta Christine @Lagarde tras aumentar hoy los tipos de interés en 0,25 puntos porcentuales.
Vea la rueda de prensa completa aquí https://youtu.be/-HMXeiixuKM
La nostra determinazione a far diminuire l’inflazione è molto forte, ha dichiarato oggi la Presidente Christine @Lagarde dopo aver aumentato i tassi di interesse di 0,25 punti percentuali.
Guarda la conferenza stampa https://youtu.be/-HMXeiixuKM
Ons voornemen om de inflatie naar beneden te brengen is bijzonder sterk, zei president Christine @Lagarde nadat de rente vandaag met 0,25 procentpunt was verhoogd.
Bekijk de persconferentie https://youtu.be/-HMXeiixuKM
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
